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LTTS Share Price Target
L&T Technology Services Ltd.
NSE: LTTS | BSE: 540115 | ISIN: INE010V01017 | Sector: Engineering
LTTS Rating
- ★★
- ★★
- ★★
- ★★
- ★★
4.6/5 (5 Ratings)
LTTS Share Price *
1,743 +13.65 (0.79%)
* (quote may be delayed)
7 LTTS share price target reports by brokerages below. See what is analyst's view on LTTS share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
You can also find LTTS share price target tomorrow or next week from LTTS discussion forum.
LTTS Share Price Forecast - Consensus
| No. of reports in last year | 7 |
| No. of analysts | 3 |
| Average Consensus Forecast | 1862.57 |
| Consensus Potential | 6.50% |
LTTS Share Price Target - Broker Reports - 2020
HDFC Securities
19-Jan-20
Price @ Call: 1647.84
Target: 1790
BUY
We maintain our conviction on LTTS based on (1) Preferred pick in ER&D on diversified vertical mix (low concentration risk) and niche position in Process Industry and Industrial products, (2) At an inflexion point with stability/recovery expected in Telecom & Hi-tech vertical, (3) Strong account mining engine with T30 program (>USD 10mn client bucket had 3 additions QoQ). Expect USD rev/EPS CAGR at 12.5/15.2% over FY19-22E factoring USD rev growth at 10.1/12.2/15.1% and EBIT% at 17.1/17.0/17.5% for FY20/21/22E, respectively. Key risk continues to be macros, trade war escalation (Industrial products vertical).
LTTS Share Price Target - Broker Reports - 2019
HDFC Securities
19-Oct-19
Price @ Call: 1629.33
Target: 1705
BUY
We maintain BUY on LTTS despite the EPS downgrade (~5%) on weak near-term outlook (2Q nos were in-line). While relative outperformance continues, deceleration in growth trajectory limits our optimism. Our TP is Rs 1,705, based on 18x Sep-21E (20x earlier).
HDFC Securities
22-Jul-19
Price @ Call: 1513.45
Target: 1955
BUY
We maintain BUY on LTTS following an in-line 1Q performance. We lower est. by ~3% to factor near-term weakness in Telecom/Hi-tech vertical, however broad- based wins/pipeline provide growth visibility (continues to be industry leading). Our TP is Rs 1,955, at 20x Jun-21E EPS.
Prabhudas Lilladher
22-Jul-19
Price @ Call: 1596
Target: 1693
ACCUMULATE
We reduce our revenue estimates by 2.6% & 3.4% in FY20E/21E to factor in weakness of Communication, Hi-Tech (~23% of total revs) & lower guidance.Hence, our EPS gets revised downwards by ~2.5%/ ~3.1%. We believe the volatility in management commentary can weigh on the premium multiples. We believe conversion of deal pipeline especially in Hi-tech will be keenly watched. We expect USD revenue & EPS CAGR of 13% & 9% from FY19-FY21E respectively. We value at LTTS at 20X FY21E earnings to arrive at a change target price of Rs.1693(Earlier: Rs.1835). The stock currently trades at 20.6X/18.9X FY20/21E EPS of Rs. 77 & Rs.85. Maintain Accumulate.
HDFC Securities
4-May-19
Price @ Call: 1724.11
Target: 1860
BUY
We maintain BUY on LTTS after a strong 4Q performance. Industry-leading growth in FY19 and we expect growth leadership to continue. Our TP at Rs 1,860 is based on 20x FY21E EPS.
Prabhudas Lilladher
5-May-19
Price @ Call: 1724.11
Target: 1835
ACCUMULATE
We expect USD revenue & EPS CAGR of 15% & 10% from FY19-FY21E respectively. We value at LTTS at 21X FY21E earnings to arrive at a change target price of Rs.1835(Earlier: Rs.1807). The stock currently trades at 21.2X/19.2X FY20/21E EPS of Rs. 79.4 & Rs.87.4. Maintain Accumulate.
Joindre Capital Services
17-Apr-19
Price @ Call: 1675.91
Target: 2200
BUY
LTTS has also reported average RoE of 27% during the last 2 years, and looking at the improvement in both operating and net profitability going ahead we expect that over the next 2-3 years this is likely to cross 29% by FY21 with Roce expected at around 32% Hence going ahead we expect that LTTS has the capability to sustain the robust financials performance given its strong business performance and significant cash generation expected ahead. We expect that going ahead overall bottomline growth in the next 3 years starting FY19 onwards should increase at a CAGR of 23-25% and going ahead also we believe that net cash flows generated will remain healthy going ahead.
HDFC Securities
21-Jan-19
Price @ Call: 1637.35
Target: 2030
BUY
Prabhudas Lilladher
18-Jan-19
Price @ Call: 1689.45
Target: 1780
ACCUMULATE
LTTS Share Price Target - Broker Reports - 2018
Axis Direct
24-Dec-18
Price @ Call: 1679.83
Target: 1845
BUY
AnandRathi
30-Oct-18
Price @ Call: 1684.59
Target: 2042
BUY
HDFC Securities
26-Oct-18
Price @ Call: 1550.43
Target: 1950
BUY
AnandRathi
15-Oct-18
Price @ Call: 1474.8
Target: 1940
BUY
Prabhudas Lilladher
28-Aug-18
Price @ Call: 1602.05
Target: 1780
BUY
AnandRathi
16-Aug-18
Price @ Call: 1534.45
Target: 1940
BUY
Edelweiss
24-Jul-18
Price @ Call: 1306.55
Target: 1725
BUY
Edelweiss
23-May-18
Price @ Call: 1342.16
Target: 1650
BUY
JM Financial
22-Mar-18
Price @ Call: 1201.45
Target: 1350
BUY
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LTTS Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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